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Dec 29, 2011
12/11
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a stronger dollar can bring down the cost of commodities such as oil, which are priced in dollars. it also can make it more expensive for u.s. companies to sell stuff overseas. lincoln ellis is the chief investment officer at strategic financial group. lincoln joins us from the c.m.e. group in chicago. >> tom: happy new year. growing u.s. exports have been a bright spot at record leveling. is the strengthening dollar a threat as we move into the new year? >> tom, it's good to be with you. it could be, and it certainly will put a pinch, particularly on the margins as we move through highs in the dollar index, and we know that the majority -- not the majority, but over 25% of our exports are centered towards the europeans. a fall in their currency and a rise in our dollar does put a pinch in the margins and problems potentially for profits going into 2012. >> tom: 40 to 45% of earnings in the s&p 500 are out of the united states. does it bring down earnings expectation? >> it certainly has to, particularly given the fact that half of that number is focused in the emerging economies,
a stronger dollar can bring down the cost of commodities such as oil, which are priced in dollars. it also can make it more expensive for u.s. companies to sell stuff overseas. lincoln ellis is the chief investment officer at strategic financial group. lincoln joins us from the c.m.e. group in chicago. >> tom: happy new year. growing u.s. exports have been a bright spot at record leveling. is the strengthening dollar a threat as we move into the new year? >> tom, it's good to be...
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Dec 3, 2011
12/11
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first is the industrials exchange rated fund here at 33, almost 34 dollars per share. xli. and you also like basic materials, xlb the ticker symbol. we're using exchange traded funds, why these two? >> well, for the industrials i really as a general statement really like the manufacturing sector, tom. i think it got hit really hard by the japanese tsunami which created all sorts of manufacturing supply change problems and we're now just starting to revive as the japanese economy bounces back. just yesterday we found out that auto sales in the united states reached new high force this recovery cycle after dying immediately after the tsunami. i think as that occurs, you are going to see the greatest profit leverage in the u.s. manufacturing sector particularly in the u.s. industrials. as far as the basic materials are concerned, i think that you get the added kicker that the dollar, the u.s. dollar i think is going to weaken a little bit over the next several months particularly if european fears decade-- decay and as the dollar weakens it could put a bid under commodity pric
first is the industrials exchange rated fund here at 33, almost 34 dollars per share. xli. and you also like basic materials, xlb the ticker symbol. we're using exchange traded funds, why these two? >> well, for the industrials i really as a general statement really like the manufacturing sector, tom. i think it got hit really hard by the japanese tsunami which created all sorts of manufacturing supply change problems and we're now just starting to revive as the japanese economy bounces...
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Dec 1, 2011
12/11
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dollars. bank of new york's michael woolfolk says that speaks to the magnitude of the problems in europe. >> it does provide a backstop. it ensures the e.c.b. has the tools and liquidity necessary to endure a worst case scenario. >> reporter: the details of the program are fairly technical. from december 5 through february 1 of 2013, central banks will lower the cost of dollar swap lines by a half a percentage point. the important thing is that more dollars will be available to european banks at a lower price. >> the u.s. is unique in the global financial system. it's at the center of the financial system. in the current environment, the u.s. dollar is the first and the last currency for safe havens. >> reporter: the goal of the coordinated intervention is to try to prevent another global credit crisis. investors worldwide are worried about the possibility that some european nations might default on their debts, causing serious shocks to the global economy. the move comes on the same day that
dollars. bank of new york's michael woolfolk says that speaks to the magnitude of the problems in europe. >> it does provide a backstop. it ensures the e.c.b. has the tools and liquidity necessary to endure a worst case scenario. >> reporter: the details of the program are fairly technical. from december 5 through february 1 of 2013, central banks will lower the cost of dollar swap lines by a half a percentage point. the important thing is that more dollars will be available to...
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Dec 14, 2011
12/11
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WETA
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dollar. let's start our focus with the euro, falling below $1.30 to the for the first time since january. the euro continued the sell-off from yesterday, when germany came out against increasing a new bailout fund. now that sent commodity prices lower, signaling a classic "risk off" day when traders sell riskier investments like commodities. this c.r.b. index is made of all the major commodity groups and tonight it sits at its lowest level since the september sell- off. metals led the drop in commodity prices. gold fell $76, an ounce-- almost 5%. it settled at its lowest price since july. it wasn't the only metal to fall. silver dropped more than 7%, settling below $30 an ounce. copper and platinum each fell more than 4%. stocks followed the commodity market lower, with the major indices down three straight sessions and now down to their lowest level of the month. with the commodity selloff, no surprise, the commodity-focused energy sector led the losers, down almost 3%. the technology and co
dollar. let's start our focus with the euro, falling below $1.30 to the for the first time since january. the euro continued the sell-off from yesterday, when germany came out against increasing a new bailout fund. now that sent commodity prices lower, signaling a classic "risk off" day when traders sell riskier investments like commodities. this c.r.b. index is made of all the major commodity groups and tonight it sits at its lowest level since the september sell- off. metals led the...
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Dec 13, 2011
12/11
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WETA
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at the end of the quarter companies had one million dollars in cash up two percent from the previous 90 days s. that kind of cash on the sideliebs hurting hiring? we hear a lot of ceos say they're waiting for clarity on tax sdps health care before they put this money to work. >> i think what you're talking about is linked to a crisis of confidence in the country. as long as we don't have a debt ceiling deal and as long as we don't have clarity on the economy and ideology between the two parties and the'd manages and congress, business will sit on the sidelines. it's unfortunate. that's why i'm saying. do ceos innor the performance. >> many are having-eye think other companies have learned how to do more with less. i think the business that is do the right thing by serving the dmunts will be rewarded by their customers. >> tom: we'll talk more with howard shuttle next week as part of a series of stories looking at businesses. by doing good. conscience capital all next week on n xwx* r nbr. >> tom: we'll talk more with >> susie: here's what we're watching for tomorrow: the november imp
at the end of the quarter companies had one million dollars in cash up two percent from the previous 90 days s. that kind of cash on the sideliebs hurting hiring? we hear a lot of ceos say they're waiting for clarity on tax sdps health care before they put this money to work. >> i think what you're talking about is linked to a crisis of confidence in the country. as long as we don't have a debt ceiling deal and as long as we don't have clarity on the economy and ideology between the two...
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Dec 16, 2011
12/11
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remember, you can use capital losses to offset capital gains dollar for dollar, and up to $3,000 of additional loss can be deducted against other kinds of income, such as your salary or retirement plan pay-outs. sure, tax motivations should never be the prime motivation for buying or selling an investment. but the potential tax savings from selling a loser before year-end might be the final piece of evidence you need that its time to rejigger your portfolio. just don't let the wash-sale rule spoil your strategy. i'm kevin mccormally. >> susie: and tomorrow night, kevin joins us live to take your tax questions. >> tom: many of us will do our last minute shopping online, but did you ever wonder what online company gets it there faster? customer service rating firm stella-service ran a test and found people ordering from zappos got their packages first, often in just two days. jcpenney.com, amazon, gap, and dell delivered the goods in three days or less, while toy's r us, hsn and kohl's all took five days or more. the survey also showed that east coasters received their packages only slightly fas
remember, you can use capital losses to offset capital gains dollar for dollar, and up to $3,000 of additional loss can be deducted against other kinds of income, such as your salary or retirement plan pay-outs. sure, tax motivations should never be the prime motivation for buying or selling an investment. but the potential tax savings from selling a loser before year-end might be the final piece of evidence you need that its time to rejigger your portfolio. just don't let the wash-sale rule...
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Dec 27, 2011
12/11
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KQED
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it included a billion-dollar state-of-the-art science center. the university was able to afford the expansion thanks to a rising endowment. summers was seen as a change agent and quickly made his presence felt across campus. but his opinionated and brash style, eventually landed him in hot water. in 2005, summers created a furor when he gave a speech and raised the issue of women's aptitude for the hard sciences. soon after, harvard's faculty of arts and sciences passed a vote of no confidence in him. within a year, summers was gone and harvard was searching for a new president. in february, 2007, the news was out: drew faust had been chosen. >> everyone recognizes the name harvard. to have a woman leading this extraordinary, complex multimillion dollar institution recognized throughout the globe is a major statement about the advancement of women in leadership. >> susie: sheila wellington is an expert on women's leadership and has written many books on women in business. >> drew faust had leadership, she had smarts, but she also has dignity and
it included a billion-dollar state-of-the-art science center. the university was able to afford the expansion thanks to a rising endowment. summers was seen as a change agent and quickly made his presence felt across campus. but his opinionated and brash style, eventually landed him in hot water. in 2005, summers created a furor when he gave a speech and raised the issue of women's aptitude for the hard sciences. soon after, harvard's faculty of arts and sciences passed a vote of no confidence...
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Dec 23, 2011
12/11
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WETA
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the customers waited their turn and picked up the 180-dollar pair of shoes. >> i was lucky today. merry christmas. >>> the people that was able to snag a pair was able to take their purchase. >> we are here until 1:00 in the morning. >> we waited a few hours to get these -- we waited a lifetime! >> the shoe line is bringing in about a billion dollars every year. >>> here in our local county, five people were arrested in west field malls. >>> twin suicide bombs killed dozens in syria, two cars blew up at the security areas and no one has claimed responsibility, some pointed to al qaeda, this is a day after the arab officials came to help with ending a plan to the bloodshed. >>> the gop candidates are making a final push and mitt ramallah is trying to show that he is the best republican in the race, but he fired back after taking a shot from the obama administration. the vice-president slammed his economic proposals -- you wonder in what respect he lives in. he should get out and meet with people and he seems to think he and the president made things better. >> ron paul is favored t
the customers waited their turn and picked up the 180-dollar pair of shoes. >> i was lucky today. merry christmas. >>> the people that was able to snag a pair was able to take their purchase. >> we are here until 1:00 in the morning. >> we waited a few hours to get these -- we waited a lifetime! >> the shoe line is bringing in about a billion dollars every year. >>> here in our local county, five people were arrested in west field malls. >>>...
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Dec 9, 2011
12/11
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KQEH
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>> tom: with millions of dollars in missing client money on the line, former m.f. global c.e.o. jon corzine tells lawmakers he's sorry. >> i simply do not know where the money is or why the accounts have not been reconciled to date. >> susie: from missing money to a losing day on wall street. stocks tumble as european leaders try to solve their debt crisis. >> we should care about the european summit because, at the moment, the biggest financial fire in the world is in europe. >> susie: it's "nightly business report" for thursday, december 8. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. >> tom: good evening and thanks for joining us. "devastated"-- that's how former m.f. global c.e.o. jon corzine describes his reaction to the collapse of the commodity brokerage firm. susie, under hard questioning before a congressional panel, corzine said he did not know what happened to over $1 billion dollars in customer fund
>> tom: with millions of dollars in missing client money on the line, former m.f. global c.e.o. jon corzine tells lawmakers he's sorry. >> i simply do not know where the money is or why the accounts have not been reconciled to date. >> susie: from missing money to a losing day on wall street. stocks tumble as european leaders try to solve their debt crisis. >> we should care about the european summit because, at the moment, the biggest financial fire in the world is in...
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Dec 8, 2011
12/11
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they've pooled about 80,000 dollars for legal fees and have gotten before the bankruptcy trustee and the judge hearing the m. f. global case. >> we weren't being represented at all because people were saying you're going to have to share in some kind of loss. why? we have segregated funds, so our interest was not being represented, it was you're just like a creditor, you're going to have to share in the distribution of loss. no, we're not and we shouldn't be. >> reporter: roe says the coalition has been instrumental in getting back some customer money but not all of it. retiree arlene and her husband got a check in the mail a couple days ago, while she's somewhat relieved she's now skeptical about an industry she trusted. >> i don't know who we can trust, even a mattress is dangerous, it could catch on fire. i really don't know how to protect our money 100%. >> reporter: the coalition's work won't be over even if all the customers get their money back. he says the group plans to lobby the industry for better safe guards to make sure that what happened at m. f. global doesn't happen a
they've pooled about 80,000 dollars for legal fees and have gotten before the bankruptcy trustee and the judge hearing the m. f. global case. >> we weren't being represented at all because people were saying you're going to have to share in some kind of loss. why? we have segregated funds, so our interest was not being represented, it was you're just like a creditor, you're going to have to share in the distribution of loss. no, we're not and we shouldn't be. >> reporter: roe says...
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Dec 27, 2011
12/11
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KRCB
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passed amvzlea new presnoc rec 2ast: drew fause to have a woman leading bu@noc 2 exc rec 2ltimillion dollar inst@ is a major statement about them2 advancement of women in@noc rec2 >> susie: sheila wellington isc2 an expert on womenks on women in business.mvzlbumvzlbu@ @> drew faust had leadbu noc shree c ha2d smarnoc rec 2 capacity. she's got it.nvzlbu nv susie: bill lee ide th@ose nvcozlbu-@noc rec 2manag2 base presidential search commit nvzlbu@ enganogec wreitc h 2a broad cre confident zlbut prnvzlbu@nv @persnoonc alre@noc rec 2 that time inc 2 havenvzlbuays she's the c 2i-summenvzlbu@noc busummer@se controversy about hi c 2@noc rehen she came in, onene and one t, she literally impose2 bu@noc rec 2noc rec 2forward.ieo ngeance. and we would watch the stocknoce buzlt was goinovg zltobu@ay to l >>no sc usreiec : 2s hanod c los zl when globalpv mzlarbukets@ pvzlbu noric chreesc .2@>>no ac lreotr thought that har be immune, and tha pvoblem, bpveczlaubuse w >>@ susieno: c endowm@noc rec 2rec 2 interest ratepvzlbu swaps, leverage,pvzlbu@ robertpvzlbu@noc rec 2noc rec 2y secret today, he sipvts g
passed amvzlea new presnoc rec 2ast: drew fause to have a woman leading bu@noc 2 exc rec 2ltimillion dollar inst@ is a major statement about them2 advancement of women in@noc rec2 >> susie: sheila wellington isc2 an expert on womenks on women in business.mvzlbumvzlbu@ @> drew faust had leadbu noc shree c ha2d smarnoc rec 2 capacity. she's got it.nvzlbu nv susie: bill lee ide th@ose nvcozlbu-@noc rec 2manag2 base presidential search commit nvzlbu@ enganogec wreitc h 2a broad cre...
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Dec 6, 2011
12/11
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WMPT
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dollar and worries about the south american crop for helping push up coffee prices. strong global demand also supported sugar buying. and that's tonight's "market focus." >> susie: federal regulators approved tougher rules for risk- taking on wall street today, adopting the "m.f. global rule." it's named after the collapsed brokerage firm that's believed to have improperly used hundreds of millions of dollars of customer money. the new rules limit how the brokerage industry can invest client funds and stops firms from using customer money to buy foreign sovereign debt. separately today, two former m.f. global employees filed a class-action lawsuit against jon corzine-- the firm's former c.e.o.-- and other senior executives. the suit says they lied to employees about the firm's financial condition. here's what we're watching for tomorrow: quarterly results from retailers pep boys and men's warehouse, along with luxury homebuilder toll brothers. also tomorrow, it's the largest youth football and cheerleader program in the world. "beyond the scoreboard" looks at how pop
dollar and worries about the south american crop for helping push up coffee prices. strong global demand also supported sugar buying. and that's tonight's "market focus." >> susie: federal regulators approved tougher rules for risk- taking on wall street today, adopting the "m.f. global rule." it's named after the collapsed brokerage firm that's believed to have improperly used hundreds of millions of dollars of customer money. the new rules limit how the brokerage...
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Dec 20, 2011
12/11
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KQED
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the trend over the past 11 months has clearly been down below 50 dollars per share. what dow expect out of mos next year? >> i expect that stock to do incredibly well. out of all the fertilizer makers phosphate is the group you want to be in due to the lower own put of the raw material. not only is mosaic priced so cheap now, it's trading at eight times, it reported 101 for eps quarter in 2010 q1, traded fiscal calendar this year analyst estimates it at 1.33. that is 32% growth just from that metric alone. if they print that number real solid, and their guidance looks really confident, that stock is definitely going catch a solid bid and i really think there is a lot of opportunity here because it's been beaten down some of. and those demand metrics, this nice long-term fundamental call really does have good opportunities. >> tom: jill, do you have any position at all in mos short or long. >> i do not. >> tom: looking at mosaic, you can read jill's article at the thestreet.com. aye link on our web site as well. our guest this evening, jill malandrino with thestreet.c
the trend over the past 11 months has clearly been down below 50 dollars per share. what dow expect out of mos next year? >> i expect that stock to do incredibly well. out of all the fertilizer makers phosphate is the group you want to be in due to the lower own put of the raw material. not only is mosaic priced so cheap now, it's trading at eight times, it reported 101 for eps quarter in 2010 q1, traded fiscal calendar this year analyst estimates it at 1.33. that is 32% growth just from...
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Dec 14, 2011
12/11
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KRCB
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up more liquittedity, and get banks that are not fuchbded in europe, and get more funding with the dollar swap line, and we saw other banks around the world say they would accept the euro even though they didn't need to have the swap nes en. that's a credibility move saying we think the euro is going to make t. this is a volatile time for europe. they're on a marathon. i hate to use the analogy because the first marathon runner was greek and he died. they're running a marathon and not a sprint. there is no quick resolution to europe. >> susie: and everybody is worried about what happens in europe and whether it goes to recession and what that's going to mean in the states. once again, we heard the fed use the same three words. significant downside risk to the economy. when is that going to go away? >> you know, i mean, it really will take quite a while. that's the fed is moving on next, letting people know they're willing to do whatever it takes on communications basis to keep interest rates low until the unemployment rate gets a 7% handle on it, and it seems deflation threat from a reces
up more liquittedity, and get banks that are not fuchbded in europe, and get more funding with the dollar swap line, and we saw other banks around the world say they would accept the euro even though they didn't need to have the swap nes en. that's a credibility move saying we think the euro is going to make t. this is a volatile time for europe. they're on a marathon. i hate to use the analogy because the first marathon runner was greek and he died. they're running a marathon and not a sprint....